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Why I Am Bullish On Visa Ahead Of The Earnings

Strong results from JPMorgan credit card is a positive for Visa.

U.S. credit card debt is on track to reach 2008 level driven by banks promotion and improving credit.

EC approval on Visa Europe is a positive and I will be looking for additional commentaries on guidance and Visa Checkout.

Visa (NYSE:V) is scheduled to report its third quarter earnings on Thursday.

Recall that last quarter Visa reported in-line revenue and a small beat on earnings but the management modestly lowered its revenue guidance due to international transaction fees, higher rebates and tougher international comparison. To address the revenue challenge, management is focusing on...


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